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Hello fellow Fools:

I am fortunate to be in the position that I pay off all of my credit card balances each month. My question concerns the best way to dispose of credit card accounts that I no longer use (if they should be disposed of at all). Over the years myself and my wife have accumulated several Visa and Master Card accounts that were opened for different purposes at different times. I currently have at least two or three of these that I no longer need nor use. What is the best way to proceed?

1. Do nothing, and the bank will eventually close the account?
2. Write and ask that the accounts be closed and that my credit report specify that they were closed at my request?
3. Keep all the accounts active because it helps my FICO score?

In particular, I heard conflicting information closing credit accounts and their effect on your overall credit rating. For example, I have seen articles that say closing a credit account can never help your credit score. On the other hand, I have also heard that people were denied consumer or mortgage loans because they had too much total credit available on credit card accounts.

Any/all advice is appreciated.
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